Donaldson Company, Inc. (NYSE:DCI) – Investment analysts at SunTrust Banks cut their Q3 2018 earnings per share (EPS) estimates for Donaldson in a research note issued on Monday. SunTrust Banks analyst C. Brady now expects that the industrial products company will post earnings of $0.50 per share for the quarter, down from their previous forecast of $0.51. SunTrust Banks also issued estimates for Donaldson’s FY2018 earnings at $1.89 EPS.

DCI has been the topic of several other reports. Zacks Investment Research upgraded Donaldson from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Wednesday, May 24th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Donaldson in a research note on Thursday, September 7th. Robert W. Baird restated a “hold” rating and set a $47.00 price objective on shares of Donaldson in a research note on Friday, September 8th. Jefferies Group LLC upgraded Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Wednesday, May 31st. Finally, Stifel Nicolaus set a $48.00 price objective on Donaldson and gave the company a “hold” rating in a research note on Friday, August 18th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $49.50.

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Shares of Donaldson (NYSE DCI) traded up 0.41% during trading on Thursday, reaching $44.45. The company had a trading volume of 112,359 shares. Donaldson has a 52-week low of $35.80 and a 52-week high of $48.91. The firm has a 50-day moving average price of $46.58 and a 200-day moving average price of $46.00. The company has a market capitalization of $5.83 billion, a P/E ratio of 26.46 and a beta of 1.21.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). The business had revenue of $660.10 million during the quarter, compared to analyst estimates of $634.41 million. Donaldson had a net margin of 9.81% and a return on equity of 28.14%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share.

Several institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. boosted its position in Donaldson by 14.1% during the 1st quarter. Russell Investments Group Ltd. now owns 50,054 shares of the industrial products company’s stock valued at $2,278,000 after purchasing an additional 6,170 shares during the period. Wells Fargo & Company MN boosted its position in Donaldson by 7.5% during the 1st quarter. Wells Fargo & Company MN now owns 584,335 shares of the industrial products company’s stock valued at $26,598,000 after purchasing an additional 40,601 shares during the period. Canada Pension Plan Investment Board acquired a new position in Donaldson during the 1st quarter valued at approximately $4,024,000. Great West Life Assurance Co. Can boosted its position in Donaldson by 3.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 77,880 shares of the industrial products company’s stock valued at $3,544,000 after purchasing an additional 2,581 shares during the period. Finally, Elkfork Partners LLC boosted its position in Donaldson by 16.5% during the 1st quarter. Elkfork Partners LLC now owns 6,072 shares of the industrial products company’s stock valued at $276,000 after purchasing an additional 858 shares during the period. Institutional investors own 77.91% of the company’s stock.

In other news, Director John Wiehoff sold 14,400 shares of Donaldson stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $46.33, for a total value of $667,152.00. Following the completion of the transaction, the director now owns 59,001 shares in the company, valued at approximately $2,733,516.33. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.88% of the stock is currently owned by company insiders.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were given a $0.18 dividend. This is a positive change from Donaldson’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.72 annualized dividend and a dividend yield of 1.63%. Donaldson’s dividend payout ratio (DPR) is presently 41.38%.

Donaldson Company Profile

Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.

Earnings History and Estimates for Donaldson (NYSE:DCI)

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